Setting Up Your Goal For Your Financial Freedom – Part 1

Dec 2, 2015|

Setting goal is one of the difficulties that I have in life. I don’t know how to set one. In fact, I didn’t even have a written goal. I just get carried along with the passing days, taking what life has to offer. After many financial failures, it is only now that I realized the importance of setting goals.
So I decided to learn how to set goals and achieve them.

Setting goals seems to be very easy for others. But if you are like me, chances are, goals were gone in the thin air even before taking any action. How many times during each new years and birthdays you tried make a goal for yourself to achieve? At the beginning, we were so enthusiastic and full of motivation, right? But just after few weeks, or even days, the desire of fulfilling that goal diminishes. Then, the goal was set aside and completely forgotten.

With the desire to recover from my financial disaster, I decided to make my research how can I set a goal and achieve it.

Why Set a Goal?

Setting a goal is very crucial. If you ride a bus or a train without knowing your destination, sure you will arrive. The question is where? Of course you will end up nowhere. I have been on that kind of life, simply taking what life has to offer me.

But if you know your destination, then you can make actionable plans how to reach that goal and enjoy the journey. You could put a time limit so that you know when to expect on reaching your destination.

Your goal serves as your map that will serve as your guide to your selected destination.

SMART Goals

To make your goal for your financial freedom to be more effective, your goal should be Specific, Measurable, Attainable/achievable, Realistic and Timely. This is called the SMART goal. In order to accomplish your goal effectively, these six questions must be meet: what, who, where, why, when and how. So you should ask questions like:

What is my objective? What will it make of me?

Who is involve to accomplish the goal?

Where will this goal take me?

Why should I put my efforts on achieving it?

When will this goal be completed?

How do I accomplish this goal?

In the next post where we will discuss how to make a SMART goal for your financial freedom. Click link to check the Part 2 of this article.